CHARLOTTE, N.C. _ Cato Corp. on Thursday reported fiscal second-quarter earnings of $15.6 million. On a per-share basis, the Charlotte, North Carolina- based company said it had net income of 56 cents. Cato expects full-year earnings in the range of $2.10 to $2.33 per share.
Powerful rally, but headwinds may impact earnings.
Lower gas prices and better employment numbers could have been factors in better guidance from retailers.
European stocks weakened and the euro shot higher as the ECB chief implied any initiative to purchase sovereign debt isn't imminent.
Is the housing remodeling boom over? A status update from Lumber Liquidator is acting as a possible canary in the coal mine.
Art Cashin of UBS Financial Services tells CNBC's Bob Pisani why investors should be watching for a key level on the Nasdaq.
India's new pro-growth leader is eliciting swoons from the investor class. How do investors play Bombay's market?
Central bank comments, retail sales, stabilization in internet stocks and the Cheetah Mobile IPO help markets.
Janet Yellen left traders with three takeaways: the dollar will strengthen, rates will rise, and easy money policies are on their way out.
Copper continues to crumble amid China growth worries and a weak Yuan. Strong global growth is key to keep stocks at records.
Stocks are at new highs, but where are the bargains? Big financials are mounting an impressive rally.
Many U.S. retailers had to ramp up promotions last month as shoppers continued to watch their spending during the holiday season.
Macy's is becoming an innovator, but don't expect that to carry through to other retailers.
Many U.S. retailers reported stronger-than-expected August sales on Thursday, but they had to use steep discounts to woo back-to-school shoppers.
Data from Europe and China are looking up. These figures support the thesis that the U.S. recovery is a help to China, and is even trickling down to Europe.
A group of large US retailers reported higher sales for July, but had to resort to bargains to lure shoppers who are still careful in their spending while the job market recovers.
Costco Wholesale reported June same-store sales that beat analysts' estimates, while L Brands sales came in lower than expected.
Major retail chains reported sales increases for May that were generally in line with Wall Street's expectations, suggesting consumer spending continues to improve moderately.
A number of top U.S. retailers reported disappointing April sales as consumers gravitated toward discount chains and bad weather delayed spring shopping in much of the country.
Retailers broadly missed analysts' estimates for same-store sales in March, a month that typically sees cold weather and slow hiring in the early weeks.